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In a cost-cutting consolidation, Banco Popular's U.S. unit plans to exit Orlando by shuttering its local back-office operation and selling its nine Central Florida branches to Fort Pierce-based Harbor Community Bank, officials said Wednesday. Chicago-based Popular Inc., a subsidiary of Puerto Rico-based Banco Popular, said it also will close a back-office unit in Rosemont, Ill., and centralize back-office operations in Puerto Rico and New York. Banco operates in the U.S. under the Popular Community Bank brand. The bank said it expects to eliminate 250 positions in Orlando and Rosemont, move 100 jobs to other sites in the U.S. and transfer 200 positions to Puerto Rico. It did not...

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In a cost-cutting consolidation, Banco Popular's U.S. unit plans to exit Orlando by shuttering its local back-office operation and selling its nine Central Florida branches to Fort Pierce-based Harbor Community Bank, officials said Wednesday.
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Farmers & Merchants Bank of Long Beach just sent shareholders a dividend check — the 477th since the institution began giving them out in 1915. If that seems high, there's a reason. The bank sometimes gives out extra dividends, or a total of five a...